Year-end Report January – December 2020

Revenue amounted to SEK 15,388m (15,692), and revenue excluding JM Construction, Business area Construction (under closure), amounted to SEK 15,232m (15,438).

Operating profit amounted to SEK 2,028m (2,008) ¹⁾. The operating margin was 13.2 percent (12.8). Operating profit excluding JM Construction, Business area Construction, amounted to SEK 2,051m (2,243) and the operating margin to 13.5 percent (14.5).

Gains from sale of properties, etc., of SEK 191m (276) are included in the operating profit.

Profit before tax amounted to SEK 1,955m (1,928). Profit after tax amounted to SEK 1,575m (1,570).

Return on equity for the past twelve months decreased to 20.8 percent (22.2). Earnings per share during the year amounted to SEK 22.50 (22.50).

Consolidated cash flow including net investment in properties amounted to SEK 1,715m (1,291).

The number of sold residential units increased to 4,026 (3,595) and housing starts amounted to 3,199 (3,269).

Surplus value of development properties is SEK 6.5bn (6.7).

The Board of Directors proposes SEK 12.75 (12.50) in dividend for 2020.

The Board of Directors proposes a mandate to buy back own shares.

The Board of Directors decided on amended financial targets.

¹⁾ The profit included the one-off cost for the discontinuation of the housing operations (Business area Construction) in JM Construction of SEK −180m reported during the first quarter of 2019.

Financial information according to segment reporting.